Purpose: The purpose of this paper is to study the Manufacturers pallet-loading problem (MPLP), by loading identical small boxes onto a rectangle pallet to maximise the pallet utilization percentage while reducing the Complexity of loading. Design/methodology/approach: In this research a Block...

Background: This publication presents a review, multiple criteria optimization models, and a practical example pertaining to the integration of automated smart locker systems, capillary distribution networks, crowdshipping, last-mile delivery and supply chain management. This publication...

This paper develops an approximate closed-form optimal portfolio allocation formula for a spot asset whose variance follows a GARCH(1,1) process. We consider an investor with constant relative risk aversion (CRRA) utility who wants to maximize the expected utility from terminal wealth under a...

Corporate social responsibility (CSR), as a concept that tackles economic, The introduction of private pension funds is the essence of the reform of the pension system in Serbia. Private pension funds in Serbia are based on voluntary benefits. Thus, the functioning of the pension system takes...

We introduce an approach to formulate and solve the multi-class user equilibrium traffic assignment as a mixed-integer linear programming (MILP) problem. Compared to simulation approaches, the analytical MILP formulation makes the solution of network assignment problems more tractable. When...

We consider the robust single-source capacitated facility location problem with uncertainty in customer demands. A cardinality-constrained uncertainty set is assumed for the robust problem. To solve it efficiently, we propose an allocation-based formulation derived by Dantzig-Wolfe decomposition...

Background: With regard to the definition of an optimal transport plan for some material flow in the logistics system in literature and practice, the classical transport task model is developed. The minimization of total transport costs is usually considered for optimality. Some modifications to...

Background: This study investigates the vital significance of logistical cost optimization within the residual woody biomass supply chain, aiming to boost both sustainability and the efficient uti-lization of this resource. There is an emphasis on how adept cost management can determine the...

Background: The soybean market is representative of the world. Brazil is the largest producer and exporter of this crop and has low production costs but high logistical costs, which are influenced mainly by transport costs. Added to these characteristics, the disputed grain supply, the...